This is made possible by the commitment of our members who participate by maintaining
low claims experiences and promoting a culture of safety in the workplace. Because
of the efficient management of the Fund, no rates were increased for the
upcoming year.

“Most workers’ compensation providers in our state
have taken rate increases, particularly in the hospitality-related business
classes. Given our LRA SIF members’ commitment to workplace safety and
prevention measures, these rate reductions should continue to make our fund the
best option for our industry,” said Stan Harris, President & CEO of the LRA
SIF.

“This reduction provides members of the LRA SIF with
added value and potential savings,” added Harris. “The LRA SIF has a 31-year
track record of serving the industry’s workers’ comp needs with effective in-house
claims management that prepares workers to return to work sooner, resolves
claims efficiently and will continue to offer competitive rates.”

The benefit of placing workers’ comp coverage with a
self-insured fund is it allows business owners to spread risk among all
participants and creates positive claims outcomes that benefit all the fund’s
policyholders.

Workers’ compensation coverage is required by
Louisiana law and applies to any enterprise in the state regardless of the
number of employees. The LRA SIF’s complimentary loss prevention resources can
provide workplace solutions on how to improve best practices in a hospitality
environment. Whether you have questions on fire safety, preventing slips and
falls, or any other safety concern, the LRA SIF loss prevention professionals
can provide helpful information and training for your staff.

As the LRA SIF enters its 32nd year, it has
expanded its program to welcome insurance brokers and agents who offer the LRA SIF
to their hospitality related clients. Since its inception in early 2011, through
membership and partnership with PIA and Big I, the LRA SIF is focused on
meeting the specific needs of the agent with superb service and a competitive commission
structure.

To learn more about how the LRA SIF can help you
reduce your workers’ compensation costs and to get a quote, please contact
Member Services at (504) 454-2277 today.